The forecast for Japan's import of not knitted or crocheted men's and boys' shirts of cotton indicates a gradual decline from 2024 to 2028. In 2023, the value stood at a higher amount, marking the start of this downward trend. Year-on-year variations show a steady decline of approximately 2-3%, with the most significant drop anticipated in the initial years. Over the five-year horizon, the compound annual growth rate (CAGR) reflects a slow reduction in import value.
Future trends to watch for include:
- Potential shifts towards local production or alternative materials impacting import dependency.
- Changes in consumer preferences affecting cotton shirt demand.
- Fluctuations in global cotton prices and trade policies influencing import costs.